HF 2542

Introduction - 94th Legislature (2025 - 2026)

Posted on 03/20/2025 03:02 p.m.

A bill for an act
relating to capital investment; appropriating money for public infrastructure for
the Bridgewater Affordable Housing Community; authorizing the sale and issuance
of state bonds.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1. new text begin BRIDGEWATER; AFFORDABLE HOUSING COMMUNITY.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $4,500,000 is appropriated from the bond proceeds fund
to the Public Facilities Authority for a grant to the town of Bridgewater in Rice County to
construct public infrastructure necessary for the Bridgewater Affordable Housing Community,
including a well, wastewater treatment system, and roads.
new text end

new text begin Subd. 2. new text end

new text begin Bond sale. new text end

new text begin To provide the money appropriated in this section from the bond
proceeds fund, the commissioner of management and budget shall sell and issue bonds of
the state in an amount up to $4,500,000 in the manner, upon the terms, and with the effect
prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota
Constitution, article XI, sections 4 to 7.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end